Thornwell Charter School
Thornwell Charter School shows rapid financial growth and no reported officer compensation.
EIN: 204272566 · Clinton, SC · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.6M |
| Total Expenses | $4.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $1.4M |
| Transparency Score | 90/100 |
Search Intent Cockpit
Thornwell Charter School Form 990, Revenue, CEO Pay, and IRS Filing Signals
Thornwell Charter School is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Thornwell Charter School in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $4.4M and expenses of $4.1M.
Revenue and Expenses
Thornwell Charter School reported $4.4M in revenue and $4.1M in expenses, a surplus of $305K.
Executive Compensation
Top officer compensation appears as $4 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
90/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Thornwell Charter School Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $3.5M (85%) |
Across stored filings, Thornwell Charter School shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Sigma Delta Pi | South Carolina and Education context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Clinton, SC nonprofitsEducation in South Carolina
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Keep the Investigation Moving
Thornwell Charter School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thornwell Charter School
Thornwell Charter School (EIN: 204272566) is a nonprofit organization based in Clinton, SC, classified under NTEE code B29. The organization reported total revenue of $5.6M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thornwell Charter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thornwell Charter School is a mid-size nonprofit that has been operating for 7 years, with 13 years of IRS 990 filings on record (2010–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.4M |
| Total Expenses | $4.1M |
| Surplus / Deficit | +$305K |
| Total Assets | $2.0M |
| Total Liabilities | $606K |
| Net Assets | $1.4M |
| Operating Margin | 7.0% |
| Debt-to-Asset Ratio | 29.8% |
| Months of Reserves | 6.0 months |
Financial Health Grade: A
In 2023, Thornwell Charter School reported a surplus of $305K with revenue exceeding expenses, holds 6.0 months of operating reserves (strong position), has a debt-to-asset ratio of 29.8% (moderate leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.6% | +42.2% | +40.1% |
| 2022 | +1.2% | +4.7% | +48.4% |
| 2021 | +39.9% | +49.4% | +47.1% |
| 2020 | +977.2% | +723.0% | +1551.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Thornwell Charter School with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Thornwell Charter School allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $305K, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.8%.
Executive Compensation Analysis
No officer compensation has been reported in any of the available IRS 990 filings, which is highly unusual for an organization with over $4 million in annual revenue and suggests a strong commitment to directing funds towards its mission rather than executive salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Thornwell Charter School:
- Rapid and consistent revenue growth, from $208,951 in 2019 to $4,386,310 in 2023.
- Consistent operational surpluses, with revenue exceeding expenses in all recent periods (e.g., $4,386,310 revenue vs. $4,080,972 expenses in 2023).
- Significant asset accumulation, growing from $40,222 in 2019 to $2,031,514 in 2023.
- No reported officer compensation across all 13 filings, indicating a strong commitment to mission-focused spending.
- Consistent IRS 990 filing history, demonstrating transparency and compliance.
Frequently Asked Questions about Thornwell Charter School
Is Thornwell Charter School a legitimate charity?
Thornwell Charter School (EIN: 204272566) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.6M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Thornwell Charter School spend its money?
Thornwell Charter School directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Thornwell Charter School tax-deductible?
Thornwell Charter School is registered as a tax-exempt nonprofit (EIN: 204272566). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Thornwell Charter School CEO make?
Thornwell Charter School's highest-compensated officer earns $4 annually. The organization reported $5.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Thornwell Charter School's spending goes to programs?
Thornwell Charter School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Thornwell Charter School compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Thornwell Charter School is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Thornwell Charter School located?
Thornwell Charter School is headquartered in Clinton, South Carolina and files with the IRS under EIN 204272566. It is classified under NTEE code B29.
How many years of IRS 990 filings does Thornwell Charter School have?
Thornwell Charter School has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.6M in total revenue.
Is Thornwell Charter School a good charity?
Based on its strong financial growth, consistent operational surpluses, and the absence of reported officer compensation, Thornwell Charter School appears to be a well-managed and efficient organization, suggesting it is a good charity in terms of financial stewardship.
How has Thornwell Charter School's revenue grown over time?
Thornwell Charter School has experienced significant revenue growth, increasing from $208,951 in 2019 to $4,386,310 in 2023, demonstrating rapid expansion and increasing financial capacity.
What is the organization's asset growth trend?
The organization's assets have grown substantially, from $40,222 in 2019 to $2,031,514 in 2023, indicating successful accumulation of resources to support its operations and future growth.
Filing History
IRS 990 filing history for Thornwell Charter School showing financial trends over 13 years of public records:
Total assets increased by 203151300% over the same period, from $1 to $2.0M. In its most recent filing year (2023), Thornwell Charter School reported a surplus of $305K, with revenue exceeding expenses. The organization holds $606K in liabilities against $2.0M in assets (debt-to-asset ratio: 29.8%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.4M | $4.1M | $2.0M | $606K | — | — |
| 2022 | $3.2M | $2.9M | $1.4M | $329K | — | View 990 |
| 2021 | $3.1M | $2.7M | $977K | $174K | — | View 990 |
| 2020 | $2.3M | $1.8M | $664K | $267K | — | View 990 |
| 2019 | $209K | $223K | $40K | $54K | — | View 990 |
| 2018 | $0 | $115 | $885 | $0 | — | View 990 |
| 2017 | $0 | $0 | $1 | $0 | — | View 990 |
| 2016 | $0 | $0 | $1 | $0 | — | View 990 |
| 2015 | $0 | $0 | $1 | $0 | — | View 990 |
| 2014 | $0 | $0 | $1 | $0 | — | View 990 |
| 2013 | $0 | $0 | $1 | $0 | — | View 990 |
| 2011 | $0 | $0 | $1 | $0 | — | View 990 |
| 2010 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.4M, expenses of $4.1M, and assets of $2.0M (revenue +37.6% year-over-year).
- 2022: Revenue of $3.2M, expenses of $2.9M, and assets of $1.4M (revenue +1.2% year-over-year).
- 2021: Revenue of $3.1M, expenses of $2.7M, and assets of $977K (revenue +39.9% year-over-year).
- 2020: Revenue of $2.3M, expenses of $1.8M, and assets of $664K (revenue +977.2% year-over-year).
- 2019: Revenue of $209K, expenses of $223K, and assets of $40K.
- 2018: Revenue of $0, expenses of $115, and assets of $885.
- 2017: Revenue of $0, expenses of $0, and assets of $1.
- 2016: Revenue of $0, expenses of $0, and assets of $1.
- 2015: Revenue of $0, expenses of $0, and assets of $1.
- 2014: Revenue of $0, expenses of $0, and assets of $1.
- 2013: Revenue of $0, expenses of $0, and assets of $1.
- 2011: Revenue of $0, expenses of $0, and assets of $1.
- 2010: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thornwell Charter School:
Data Sources and Methodology
This transparency report for Thornwell Charter School is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.